Forbes Middle East Reveals The World's Richest Arabs 2021

Press release
Published April 8th, 2021 - 11:31 GMT
Forbes Middle East Reveals The World's Richest Arabs 2021
forbes.
Highlights
Forbes has released its annual World's Billionaires ranking for 2021, featuring the world’s 2,755 richest people—660 more than there were in 2020

Forbes has released its annual World's Billionaires ranking for 2021, featuring the world’s 2,755 richest people—660 more than there were in 2020, including 493 newcomers that have never featured on the Forbes' list before.

This year there are 22 Arab billionaires worldwide compared to 21 in 2020. Combined, the cohort has seen their aggregate fortune climb to $53.4 billion in 2021, compared to $47.3 billion a year earlier. 

While this year's list dropped Kuwait's Kutayba Alghanim, it welcomed back Qatar's Hamad bin Jassim Al Thani with an estimated wealth of $1.3 billion, and Morocco's Othman Benjelloun & family, also with $1.3 billion. 

Egypt's Nassef Sawiris is still the wealthiest Arab worldwide, with a net worth of $8.3 billion—$3.3 billion more than last year. His most valuable asset is a nearly 6% stake in sportswear maker Adidas. He also runs OCI, one of the world's largest nitrogen fertilizer producers, with plants in Texas and Iowa. 

Algeria's only billionaires, Issad Rebrab & family, are the world's second-richest Arabs, worth $4.8 billion. Rebrab is the founder and CEO of Cevital, Algeria's largest privately-held company. Cevital owns one of the largest sugar refineries globally, with the capacity to produce two million tons of refined sugar a year. Oman's only billionaire, Suhail Bahwan, is valued at $2.3 billion.

Lebanese Jeweler Robert Mouawad is the only billionaire living in Bahrain and is valued at $1.4 billion. Najib and Taha Mikati are the only Lebanese billionaires living in Lebanon and are worth $2.5 billion each. Bahaa, Ayman, and Fahd Hariri—sons of the former Prime Minister of Lebanon, Rafiq Hariri— all now live in Europe and are worth $2 billion, $1.3 billion, and $1.1 billion, respectively. Forbes has not considered Saudi Arabia for the ranking since 2018. 

Globally, Jeff Bezos is the world's richest person for the fourth consecutive year with a net worth of $177 billion, while Elon Musk bagged the number two spot with $151 billion. 

Nationality Breakdown 2021 

Egyptian

6

Moroccan

2

Lebanese

6

Algerian  

1

Emirati 

4

Omani 

1

Qatari

2

   

World's Top 10 Richest Arabs 2021 

1 | Nassef Sawiris 

Net worth 2021: $8.3 billion

Nationality: Egyptian 

2 | Issad Rebrab & family

Net worth 2021: $4.8 billion

Nationality: Algerian

3 | Majid Al Futtaim & family

Net worth 2021: $3.6 billion

Nationality: Emirati 

4 | Naguib Sawiris

Net worth 2021: $3.2 billion

Nationality: Egyptian 

5 | Abdulla bin Ahmad Al Ghurair & family

Net worth 2021: $2.8 billion

Nationality: Emirati 

6 | Mohamed Mansour

Net worth 2021: $2.5 billion

Nationality: Egyptian 

6 | Najib Mikati

Net worth 2021: $2.5 billion

Nationality: Lebanese

6 | Taha Mikati

Net worth 2021: $2.5 billion

Nationality: Lebanese

9 | Hussain Sajwani

Net worth 2021: $2.4 billion

Nationality: Emirati 

10 | Suhail Bahwan

Net worth 2021: $2.3 billion

Nationality: Omani

Background Information

Forbes Middle East

Forbes Middle East has a license for copy rights and distribution rights in the MENA region from Forbes Media, U.S.A.  Under the guidelines standardized amongst all Forbes titles, the magazine features analysis and expert reporting related to the finance and business world, as well as investment opportunities in the Arab region.  Forbes Middle East puts together its lists based on the criterion of neutrality, authenticity, commitment to the methodology of scientific research, and the quality of standards set globally by Forbes through its extensive experience in this field.

Forbes Middle East also serves as a guide for businessmen and decision makers by providing them with information and statistics necessary for making the right decisions. Thus, the magazine becomes the guiding compass for investments in the region. Through its wide network of press correspondents the magazine also works toward covering all the economic fields and issues concerning the Arab region. 

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